dividends, page-3

i'm not expecting any dividends to they know what the end result of the hedge will be. Don't know when that will be.
Company stated they want to be a long term producer of 400,000 to 600,000 ounces. They can get up that high without buying a resource. With plenty of cash coming in quartely atm they may look at buying something late next year.
I personally expect some dividend in 2011. Not sure what that will be but maybe 5 cents which would cost some 15-20 million for the company. Not unreasonable if they are procing 180,000 ounces at say 500- 600 operating cost margin (assumption hedge is reassigned.
After hedge is finished in 2012 expect much higher dividends towards 10 cent range.

Please note this is based on hedge being reassigned sometime early next year and gold aud being over 1200.